Top MBA Colleges In chennai

Updated on: November 23, 2023

Pursuing MBA from one of the top MBA colleges in India is the dream of MBA aspirants. There are 125 top MBA Colleges in India based on NIRF Ranking 2023-Management. They include only MBA/PGDM colleges and universities but not the top MBA Colleges in India which are the integral parts and management departments of various universities in India. However, all the top MBA colleges in India shortlist candidates based on one or other MBA entrance exams like CAT, XAT, NMAT, SNAP, TISSNET and others.   

Top MBA colleges in India include not only some of the 21 IIMs but also many other prominent top management colleges in India like FMS Delhi, IIFT Delhi, MBA departments of IITs, JBIMS Mumbai, NMIMS Mumbai and private management institutes like SPJIMR Mumbai, XLRI Jamshedpur, MDI Gurgaon among others. From the year 2023, IIM Mumbai is also added to the list of best MBA colleges in India. Read the Table of Contents below to know all about the top MBA Colleges in India

Table of Contents

1. Top MBA Colleges in India by Ranking
2. Top MBA Colleges In India with Fees
3. Top MBA colleges in India Placement Wise
4. Faculty in Top MBA Colleges in India
5. Alumni Base of Top MBA College
6. MBA Programmes Offered in MBA College
7. Accreditation of MBA College
8. Top Private MBA Colleges in India
9. Top Govt. MBA Colleges in India
10. City wise Top MBA Colleges in India

1. Top MBA Colleges in India by Ranking: Not the sole Criteria to Choose a B-school
No doubt Ranking is one of the key criteria to choose a B-school. But the top MBA colleges are not the only ones which are highly ranked only. Other parameters like RoI - which includes the programme fee vs. placement is very important. Apart from this Alumni, learning experience, faculty-student-ratio, legacy, infrastructure among others also count. Your choice of good B-school depends upon most of these parameters.

Many top MBA Colleges in India based on 2023 Ranking were not directly included in Govt of India NIRF Ranking 2023-Management. Since these top MBA Colleges 2023 were part of university, they were not separately ranked and to check their ranking position, you have to check the university ranking. For example, Best MBA colleges in India with NIRF Ranking for management category did not include Delhi University B-school, FMS Delhi. The B-school was included in NIRF University Rankings 2023. However, it was included among the top MBA colleges in India with MBAUniverse Ranking 2023. It may be noted that FMS Delhi is one of the  top MBA colleges in India with low fees and one of the top MBA colleges in India placement wise

Top MBA Colleges in India with NIRF Ranking 2023; MBAUniverse.com 2023 and Business Today 2023

2. Top MBA Colleges In India with Fees: MBA Fee is an Important Criterion
A moderate fee structure with good placement that can assure you about your career prospects is what you might be looking for. So, it will be better to compare the fee structures of different B-schools and the benefits of learning arising out of it before finalizing your MBA admission decision.

IIM Ahmedabad, Bangalore, Calcutta are ranked among the best MBA colleges in India on various parameters in almost all the rankings, however their fee structure is very high and runs above 24-25 lakhs. On the other hand, the Faculty of Management Studies, Delhi University (FMS Delhi) is one of the Best MBA colleges in India with Fee structure as low as Rs. 25,000 per semester and total fee of less than Rs.2 lakhs. It is preferred to many IIMs as it has high RoI with high average placement compatible to top IIMs. Check Top MBA colleges in India with Fees

2.1 Top MBA colleges in India with low fees
FMS Delhi, one of the top MBA colleges in India offers MBA at a fee of Rs.1.92 lakhs, while SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs.2.36 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs.2.45 lakhs Following are some of the top MBA colleges in India with low fees

Source: MBAUniverse.com

3. Top MBA colleges in India Placement Wise
Top MBA College offers highest salary in India and this is the reason that students of various top IITs, NITs, Medical colleges, Chartered Accountants prefer to pursue MBA from one of the Best MBA colleges in India after completing the graduation. If you check the average placements and RoI in the B-schools before making a choice, it will help you take the right admission decision. Which MBA program gets higher Placement? Who are the top recruiters? These queries need to be answered to calculate the RoI, and before you make huge investment to your MBA programme. The division in average placements could be made in 3 categories – Highest Placement B-schools like older IIMs, High Placement B-schools like IITs, TAPMI, Moderate Placement B-schools like BIMTECH, LIBA, Jaipuria among others. You should compare the fee and placements of the B-schools and then choose the right MBA college. Below are some of the top MBA colleges in India placement wise

3.1 Top 20 MBA Colleges in India Placement Wise: Average Salary in Placements 2023 and before

4. Faculty in Top MBA Colleges in India: Key to your Learning Experience
You need to find out how qualified and experienced is the faculty at the B-school. Every B-school publishes its faculty profile area wise on its website. You must read faculty profiles carefully and do area wise research especially for the MBA program you wish to pursue and look for the qualities like Professional Experience; Academic Qualification; Research Area and publications and Industry engagement.

5. Alumni Base of Top MBA College
The older the B-school, higher is its alumni base that leads to better career path due to global network of its old students. How true it is, you will know simply by comparing the 20 IIMs where the older ones complete their placement as early as in February with high salary packages and newer ones struggle till late. FMS Delhi the oldest B-school offering MBA has a legacy of more than 60 years. Its alumni base is spread all over the world. Candidates get placed within a few days when campus placement starts.

6. MBA Programmes Offered in MBA College
You need to decide whether you wish to pursue General MBA and take some specific area of specialization in the second year or want to do specialized MBA right from the beginning. There are many top MBA colleges which offer General MBA and very few specialized MBA programs while many other MBA colleges offer specialized MBA programs also, like MBA Finance, MBA HR, MBA Business Analytics, MBA Rural Management among others. The choice has to be made before taking admission.

7. Accreditation of MBA College: Good Quality Check
National and International Accreditations awarded to the B-schools reflect the quality of education including curriculum as per Global standard and industry requirement, pedagogy, high quality of faculty and research, facilities at the institute which are prominent parameters to choose the best MBA college. The prominent International and National Accreditations that you should look for, before making a decision on your preferred MBA college, are Association to Advanced Collegiate Schools of Business (AACSB), USA; EFMD Quality Improvement System (EQUIS); Association of MBAs (AMBA), UK; National Board of Accreditation (NBA); National Assessment & Accreditation Council (NAAC).

IIM Ahmedabad has been traditionally regarded as Top MBA College in India. It has best faculty, accomplished alumni and great placements. In last 5 years, IIM Bangalore has emerged as a strong competitor to IIMA for the Best MBA College in India award. Helped by location (Bangalore) it has improved all aspects of its education, particularly Executive Education. IIM Calcutta, XLRI and SPJIMR are other three MBA Colleges that complete Top 5 B-schools in India list. Other top MBA Colleges in India include: MDI Gurgaon, NMIMS, JBIMS, SJMSOM-IIT Bombay, FMS Delhi, IMI New Delhi, IMT Ghaziabad.

8. Top Private MBA Colleges in India
Among the top Private MBA Colleges in India are included XLRI Jamshedpur, SPJIMR Mumbai, MDI Gurgaon, IMT Ghaziabad, IMI New Delhi, MICA Ahmedabad, TAPMI Manipal, FORE School of Management Delhi among others

9. Top Govt. MBA Colleges in India
While IIMs are undisputed top MBA colleges which are created with an Act of Parliament and enjoy special autonomous status, the top Government MBA Colleges in India are Govt universities’ MBA departments or complete Government controlled universities like FMS Delhi of University of Delhi; Indian Institute of Foreign Trade (IIFT) Delhi and Kolkata under Ministry of Commerce; JBIMS Mumbai affiliated to Mumbai University; PUMBA-Management department of Pune University among others.  

10. City wise Top MBA Colleges in India
In the list below, you will find the Top MBA Colleges in Delhi/NCR; Top MBA Colleges in Mumbai; Top MBA Colleges in Kolkata; Top MBA Colleges in Bangalore; Top MBA Colleges in Chennai; Top MBA Colleges in Pune among other cities:

• Top MBA Colleges in Delhi/NCR
• Top MBA Colleges in Mumbai
• Top MBA Colleges in Kolkata
• Top MBA Colleges in Bangalore
• Top MBA Colleges in Chennai
• Top MBA Colleges in Pune